360 vs 348 | FerrariChat

360 vs 348

Discussion in '360/430' started by traimpz348, Aug 19, 2014.

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  1. traimpz348

    traimpz348 Formula 3

    Apr 13, 2004
    1,537
    Avon,CT
    Full Name:
    Matthew
    I was hoping to get real opinions on maintenance costs of 2002 360 (13 years old now).

    I remember when I bought my 348 I would hear $x amount of dollars per year, etc, etc.

    One good example is that a major would be about $6500 - $7500 ... I could never escape under $10k

    Stupid things would break all the time.

    I know the 348 has reputation for being awful for maintenance/reliability and the 360 seems to have a much better track record, but the car (360) I'm thinking about buying is the same age today as the 348 was when I bought that.

    13 years into it - what is a realistic opinion on reliability and maintenance costs.

    I will say the car that I am buying has a full history, just serviced, new clutch, etc. Unlike when I bought the 348, the 360 I will be buying will be at the top of the price range instead of the lower end.

    I like the purchase price of a 360, like I did the 348. If I had to do everything over again, I might not have bought the 348. Really I know they are expensive, but the 348 was just getting moronically high.

    I don't want a new F-Type, Vette, Porsche, I really want a 360, I just don't want 348 bills. Any input would be appreciated. Thanks!
     
  2. DonJuan348

    DonJuan348 F1 Rookie
    Owner

    Aug 5, 2008
    4,441
    Taxing Jersey
    Go for it!!. I went from 348 to 360 and don't regret it. Maintenance have been reasonable no worse then 348
     
  3. SCEye

    SCEye F1 Rookie

    Aug 28, 2009
    2,950
    Norcal - Peninsula
    well... I think he's hoping to hear that the cost is much less than the 348.
    My personal experience. The first year of ownership was $6K repair plus usual maintenance costs.
    2nd year: just usual maintenance cost.
     
  4. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,918
    Charleston, SC
    Full Name:
    Curt
    I was going to go either 348 or 360.. managed to find a 360 at a great price and its been fluids every year. Belts were $2300 a couple years ago, otherwise perhaps $2-3000 over the last 4 years. I'd say on par with my 986 Boxster actually. Difference is parts are about 2x as expensive. After owning my 928.. I wanted a car that has modern reliability. The 360 fit that bill.

    Still want a 348 on the side though.. ;)
     
  5. fabo

    fabo Formula Junior

    Dec 14, 2013
    552
    Sydney
    Full Name:
    Fabo
    for me after 12 months my 360 has cost me $ 2K which included belts changed
    I use an X Ferrari trained mechanic who specialises only in F cars
     
  6. ncjetskier

    ncjetskier Formula 3

    Jul 7, 2012
    1,416
    Eastern NC
    Full Name:
    Chris
    I had a 348 and was supper glad to trade up. My maintenance costs are less than the 348 with the engine out service required on the 348. Of course I read posts from people in the North West United States and the prices they are quoted and I am shocked at what they charge vs. North Carolina.

    You are correct about the reliability of the 360 vs the 348. Seemed liked the 348 was made from other car parts and the electrical connectors were enough to drive you to drink (more). Buy the 360 - you should be soooo much more happy.
     
  7. traimpz348

    traimpz348 Formula 3

    Apr 13, 2004
    1,537
    Avon,CT
    Full Name:
    Matthew

    Were you expecting that repair or no, did it come out of the blue? What was the repair?
     
  8. F430giallomodena

    F430giallomodena Formula Junior

    Mar 2, 2012
    910
    Lugano, Switzerland
    if you can afford it go for an F430 instead. Save some money and buy F430. No timing belts, much more reliable, better F1 software, and I belive at today's prices a real bargain.

    I have owned both 360 and F430, and I never ever liked 360, sold after less than 2 years. I kept my F430 9 years instead before jumping in a Scud:)
     
  9. 993turbo

    993turbo Formula Junior

    Oct 4, 2006
    317
    Puerto Banus
    Full Name:
    Remi E
    #10 993turbo, Aug 20, 2014
    Last edited: Aug 20, 2014
    Get a 360 manual coupe. Very Low costs.

    I have both a 360 modena coupe, and a F430 F1 spider. I don't like the F430....

    :D
     
  10. ace355

    ace355 Formula Junior

    May 23, 2008
    464
    Australia
    Full Name:
    Chris
    The engine out service makes the 348 a real 'I love this car' model. For a little more up front, the 360 offers more in every dept and the service is reasonable. I have a TR and I tolerate the engine out because I love it so much. I also had a needy 355 and knowing there was an expensive service coming up, coupled with the landmines the car stepped on, made for a tough relationship.
     
  11. traimpz348

    traimpz348 Formula 3

    Apr 13, 2004
    1,537
    Avon,CT
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    Matthew
    I'd love a manual, but seem to be hard to find. Really, you don't like the F430??
     
  12. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,918
    Charleston, SC
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    Curt
    Driven a 430 and to me not worth the price differential... granted my 360 is a stick, F1 might be more refined. I prefer the looks of the 360 to the 430..

    Belts are overblown vs. e-diff issues you find with the 430's. If people actually drove them you'd find tradeoffs model for model. Like 348 vs 328.
     
  13. kitchenaid

    kitchenaid Karting

    Mar 31, 2009
    114
  14. Crayzee1

    Crayzee1 F1 Veteran
    Rossa Subscribed

    May 19, 2013
    9,836
    Fort Worth, TX
    Full Name:
    Shawn
    Who do you get to service your car? I've been searching for awhile to purchase a car. Finally have a couple very nice cars that I am inspecting soon, and planning on making an offer next week. (FINGERS CROSSED)
     
  15. toil

    toil F1 Rookie
    BANNED

    Apr 23, 2014
    3,534
    I've never understood this logic.

    If we assume a 430 is about 50k more than a 360
    For cars of comparable quality...


    Buy a 360 and invest the 50k, average annual return of 10%
    Gives you 5k a year which more than pays for maintenance of the 360.

    By that logic the 430 actually costs more to run and isn't that much of a better car to justify paying extra (and IMO the 360 is a better looking car, especially with cs bodykit)
     
  16. 993turbo

    993turbo Formula Junior

    Oct 4, 2006
    317
    Puerto Banus
    Full Name:
    Remi E
    I think the 360 looks better. But the main reason I like / use my 360 far more than the F430 is the manual trans in the 360 vs. the F1 in the F430. :D
     
  17. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    15,918
    Charleston, SC
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    Curt
    What LEGAL investment gets you 10% without significant risk for a) default or b) loss of 50% with an October correction? 5-6% sure.. but 10%?
     
  18. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    23,090
    Honolulu
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    Kevin
    OP, If maintenance costs bring you down You are talking gated manual modena. It is the simplest version of the car and also happens to be the most driver oriented car (WIN-WIN)

    Purchase smart and have few surprises. My mental math is as follows:

    3-year ownership cycle

    3rd Year service + Belts = ~4K
    Regular yearly service w/o belts = ~1-2K
    Tires (P-Zero, accept no substitute) = 2.5K
    Brake Pads = ?

    You are not new to Ferrari so you know but to the uninitiated there are always surprises. Like having that HOT Italian girlfirend and everything is going great, so you think, and then one day you come home. There she is and she says, "Listen, we have to talk". You know what comes next right? LOL

    Clutch = ~4K (I am guessing)
    Cam Seals w/ Cam cover and Intake Gaskets = ~1.5K
    Alternator positive cable replace = 3K or fix in situ for 300 (99-2003 cars can fry from heat cycles)
    Engine and Trans mounts = 7-800 each (I think there are 5?)

    Buy smart and buy a well cared for car and you will be OK.
     
  19. SCEye

    SCEye F1 Rookie

    Aug 28, 2009
    2,950
    Norcal - Peninsula
    high risk, high rewards. right now 10% is quite high
    are you suggesting we go into high-risk investments?
     
  20. ncjetskier

    ncjetskier Formula 3

    Jul 7, 2012
    1,416
    Eastern NC
    Full Name:
    Chris
    #21 ncjetskier, Aug 20, 2014
    Last edited: Aug 20, 2014
    Yearly maintenance costs drop a lot if you learn how to do stuff like;
    Brakes
    brake fluid change
    oil change
    filter changes

    If you shop around for price, (Ricambi) and do the work yourself you can save a lot.

    Interesting comment on the P-zero tires and $2.5K. My car came (it had 24K miles) with Bridgestone Potenza Z rated tires and I had to replace the two back tires. Both tires including mounting and balancing came to around $400 (total). I am happy with the tires as they grip well, and are not loud, however, I do not track my car or drive too crazy.
     
  21. Kevin Rev'n

    Kevin Rev'n Two Time F1 World Champ
    Owner Silver Subscribed

    Nov 29, 2009
    23,090
    Honolulu
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    Kevin
    #22 Kevin Rev'n, Aug 20, 2014
    Last edited by a moderator: Sep 7, 2017
    I am the P-Zero fan boy but pricing will be much cheaper on a continent!
    CORRECTION: I was taking the dealers word for the tire pricing! Silly me. Looks like I can tire rack myself a set for 1300 bucks so I was mislead. :-(

    To be more useful, any tires from the owners manual are the way to go!
    Image Unavailable, Please Login
     
  22. toil

    toil F1 Rookie
    BANNED

    Apr 23, 2014
    3,534
    Hmm 10% isn't overly risky. The stock market has averaged about 10% over the last 50 years. Just invest in an index tracker. Sure there are a few bad years but it's always gonna bounce back
     
  23. jpk

    jpk Formula Junior

    Pirelli P Zero tires for the Ferrari 360 are a design from two decades ago. They are not the best tire for your dollar.
     
  24. tazandjan

    tazandjan Three Time F1 World Champ
    Lifetime Rossa Owner

    Jul 19, 2008
    38,085
    Clarksville, Tennessee
    Full Name:
    Terry H Phillips
    Current Pirelli P Zero tires bear little or no resemblance to those from 20 years ago. That is why they still come on new Ferraris.

    Not that I do not think Michelin Pilot Super Sports are superior and cheaper.
     

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